The Korea Herald


Samsung Electronics to hold global executive meeting this week

By Korea Herald

Published : June 20, 2016 - 17:46

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[THE INVESTOR] Samsung Electronics’ annual global strategy meeting will start on June 21, with almost 500 executives in Korea and from overseas operations flocking to its headquarters.

The company’s parts, appliance and mobile business divisions will hold separate meetings presided by three CEOs -- Kwon Oh-hyun, Yoon Boo-geun and Shin Jong-kyun. 

Samsung’s Suwon digital city complex in Gyeonggi Province. Samsung’s Suwon digital city complex in Gyeonggi Province.

About 80 meeting sessions are scheduled to be held until next week.

Considering previous years, vice chairman Lee Jae-yong, who has served as de facto leader of the Korean tech giant instead of his ailing father, chairman Lee Kun-hee, is also expected to attend some of the meetings and encourage executives.

The global meeting is usually held twice -- in the first and second half of the year. Last year, the executives skipped the meeting in the first half due to the outbreak of the Middle East respiratory syndrome.

The mobile business division will check out Galaxy S7 sales and the preparedness of the upcoming launch of a new Note phabelt, tentatively called “Galaxy Note 7.”

The appliance division will discuss ways to increase its high-end TVs ahead of large-scale sports events in the second half, including the Rio Olympics.

The semiconductor and display division will come up with a new strategy to further strengthen its leadership in the memory chip market amid expectations of price hikes from the third quarter.

By Lee Ji-yoon (